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More GOP Senators Press DOL to Extend Fiduciary Comment Period

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Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.

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Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule

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More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.

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Major Financial Players Lobby Around Obama’s Investment Rules

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In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of the year.

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Why Labor Department Gets a Say on IRA Advice

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Individual retirement accounts are a creation of tax law, with rules spelled out by the Internal Revenue Service. Now the Labor Department, which oversees workplace retirement plans, is weighing in—proposing new rules for brokers and others giving advice about retirement savings.

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Major Groups Applaud Public Release of Dept. of Labor’s Proposal to Protect Americans’ Retirement Savings

News Release

Members of the SaveOurRetirement.org coalition and a diverse collection of public interest groups, civil rights leaders, labor unions, professional organizations and others today commended the public release of the Department of Labor’s (DOL) proposed rule to p

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Investment Advisers: Who Are They and Why Does It Matter?

Publication

The universe of financial advisers can be very confusing. People who give financial advice use many different labels, including 

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Obama puts weight behind push for fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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DOL Fiduciary Re-Proposal Fires Up Foes, Supporters, as They Brace for Battle

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Opponents and supporters of the Department of Labor's fiduciary rule began gearing up for battle as soon as President Barack Obama said that he was throwing his support behind it.

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DC execs expecting big changes from Obama push on fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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